Question 1

What is BEAM (BEAM)?

Accepted Answer

BEAM is an open-source blockchain designed specifically for the gaming industry and forms the core of the Merit Circle ecosystem. It provides a flexible and chain-agnostic platform for developers, enabling the seamless integration of blockchain technology into games. BEAM supports smart contracts, transaction handling, and digital asset management, creating a simplified and enhanced gaming experience for players and developers alike. Initially launched on Avalanche, BEAM has since expanded to incorporate Immutable's zkEVM infrastructure, powered by Polygon, enhancing scalability and efficiency within the ecosystem. The ecosystem includes Sphere, an NFT marketplace for in-game assets.

Question 2

What is BEAM (BEAM) used for?

Accepted Answer

BEAM serves multiple functions within the Merit Circle ecosystem:

1. **Gas Token**: It is used to cover transaction fees within the Beam network, which powers gaming and NFT transactions.
2. **Validation and Delegation**: BEAM holders can validate transactions on the network, and future plans include delegation capabilities, allowing users to delegate their BEAM tokens to validators.
3. **Governance**: BEAM is used in Merit Circle’s decentralised governance, allowing tokenholders to vote on proposals related to the ecosystem's growth and operations.
4. **Payments and Digital Assets**: BEAM facilitates payments for NFTs and other digital assets on platforms like Sphere, the gaming marketplace integrated with the Beam network.
5. **Game Development**: Through the Beam SDK, developers can integrate blockchain features into their games, enabling digital ownership, trading, and seamless player interactions.

Question 3

Who created BEAM (BEAM)?

Accepted Answer

BEAM was developed by **Merit Circle DAO**, a decentralised autonomous organisation focused on revolutionising the gaming industry by integrating blockchain technology. Key figures in the organisation include:

- **Marco van den Heuvel**, Co-founder and CGO, who previously worked in community management and marketing roles before co-founding Merit Circle in 2021.
- **Tommy Quite**, Co-founder and CFO, with a background in the Bitcoin Foundation and venture capital.
- **Brandon Aaskov**, CTO, bringing expertise from his time as Global Crypto Lead at DEPT and years of experience as a software engineer.
- **Thale Sonnemans**, COO, with a history in business administration and creative production, previously founding several startups before joining Merit Circle.

Question 4

Migration from MC to BEAM

Accepted Answer

The migration from the Merit Circle token (MC) to BEAM was initiated through the approval of proposals MIP-28 and MIP-29 in late 2023. Token holders can swap their MC tokens for BEAM at a 1:100 conversion ratio. The migration is open for 12 months, starting on 26th October 2023, and will see BEAM take over all the roles that MC previously held in the ecosystem. Non-migrated MC tokens will remain active but will not benefit from the updated functionality of BEAM, effectively reducing the total circulating BEAM supply as time progresses.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	BEAM-USDT BEAMXUSDT	binance	AA	0.001829USDT	3.04%	454,208,107.00BEAM	12,509	0.001775USDT	0.002100USDT
2	BEAM-TRY BEAMXTRY	binance	AA	0.08850TRY	2.91%	90,839,373.00BEAM	2,020	0.08600TRY	0.09750TRY
3	BEAM-USDT BEAM_USDT	whitebit	BB	0.001829USDT	3.04%	55,546,191.00BEAM	15,121	0.001775USDT	0.001990USDT
4	BEAM-USDT BEAMUSDT	bybit	A	0.001831USDT	2.81%	51,457,054.93BEAM	1,103	0.001781USDT	0.001876USDT
5	BEAM-USDC BEAMXUSDC	binance	AA	0.001829USDC	2.81%	35,964,739.00BEAM	1,459	0.001779USDC	0.002037USDC
6	BEAM-USD BEAM-USD	coinbase	AA	0.001839USD	3.49%	27,837,614.00BEAM	412	0.001777USD	0.001931USD
7	BEAM-USDT BEAMUSDT_SPBL	bitget	BB	0.001828USDT	2.52%	21,418,759.40BEAM	698	0.001783USDT	0.001891USDT
8	BEAM-EUR BEAMEUR	kraken	AA	0.001585EUR	1.15%	12,595,454.74BEAM	82	0.001567EUR	0.001713EUR
9	BEAM-USDT BEAMX_USDT	gateio	A	0.001829USDT	2.64%	5,433,854.00BEAM	326	0.001782USDT	0.001868USDT
10	BEAM-USD BEAMX_USD	cryptodotcom	AA	0.001839USD	2.17%	2,739,170.00BEAM	22	0.001799USD	0.001892USD
11	BEAM-USD BEAMUSD	cexio	BB	0.001781USD	6.11%	12,489.40BEAM	1	0.001678USD	0.001781USD
12	BEAM-USDT BEAMUSDT	cexio	BB	0.001778USDT	4.31%	10,705.20BEAM	1	0.001704USDT	0.001778USDT
13	BEAM-USDT beamx_usdt	lbank	C	0.001830USDT	3.27%	834,239,011.00BEAM	84,860	0.001772USDT	0.001870USDT
14	BEAM-KRW KRW-BEAM	upbit	B	2.50KRW	2.04%	413,607,989.24BEAM	1,287	2.45KRW	2.56KRW
15	BEAM-USDT BEAMX_USDT	coinw	-	0.001833USDT	3.27%	284,484,435.00BEAM	13,740	0.001775USDT	0.001861USDT
16	BEAM-USDT beamx_usdt	xtpub	-	0.001829USDT	3.04%	156,853,650.00BEAM	3,911	0.001775USDT	0.001872USDT
17	BEAM-USDT BEAMUSDT	bitrue	D	0.001829USDT	2.98%	144,244,402.00BEAM	37,544	0.001776USDT	0.001873USDT
18	BEAM-USDT beamxusdt	huobipro	C	0.001783USDT	1.77%	99,204,274.30BEAM	3,023	0.001752USDT	0.001835USDT
19	BEAM-KRW BEAM_KRW	bithumbkorea	-	2.49KRW	2.63%	83,907,183.93BEAM	364	2.43KRW	2.53KRW
20	BEAM-USDT BEAMXUSDT	toobit	C	0.001829USDT	3.10%	80,619,071.00BEAM	6,658	0.001774USDT	0.001873USDT
21	BEAM-EUR BEAM-EUR	bitvavo	B	0.001591EUR	3.20%	65,206,479.47BEAM	350	0.001542EUR	0.001700EUR
22	BEAM-USDT BEAM_USDT	bitunix	C	0.001829USDT	3.04%	49,190,324.00BEAM	6,460	0.001775USDT	0.001871USDT
23	BEAM-USDT BEAMXUSDT	mexc	C	0.001830USDT	3.10%	47,023,370.92BEAM	3,090	0.001775USDT	0.001941USDT
24	BEAM-THB THB_BEAM	bitkub	C	0.06018THB	0.90%	40,886,944.50BEAM	936	0.05964THB	0.06267THB
25	BEAM-USDT BEAMX_USDT	bydfi	-	0.001830USDT	2.81%	35,595,856.00BEAM	2,878	0.001780USDT	0.001870USDT
26	BEAM-USDC BEAMXUSDC	mexc	C	0.001832USDC	3.21%	30,942,592.79BEAM	3,031	0.001775USDC	0.001945USDC
27	BEAM-TRY BEAMTRY	btcturk	E	0.08884TRY	2.94%	24,234,505.00BEAM	248	0.08630TRY	0.09180TRY
28	BEAM-EUR BEAMEUR	bit2me	B	0.001584EUR	1.08%	12,595,454.74BEAM	82	0.001567EUR	0.001713EUR
29	BEAM-USDT beamx_usdt	digifinex	D	0.001831USDT	3.15%	11,204,781.00BEAM	2,375	0.001775USDT	0.001870USDT
30	BEAM-INR BEAMXINR	coindcx	-	0.1800INR	0.11%	5,029,000.55BEAM	59	0.1798INR	0.1858INR
31	BEAM-USDT BEAMXUSDT	coinex	C	0.001829USDT	2.95%	1,284,705.30BEAM	8,556	0.001777USDT	0.001957USDT
32	BEAM-BTC BTC-BEAM	upbit	B	0.0₇2000BTC	-33.33%	553,311.34BEAM	1	0.0₇2999BTC	0.0₇2999BTC
33	BEAM-IDR beamidr	indodax	E	32.00IDR	3.23%	378,694.22BEAM	20	31.00IDR	32.00IDR
34	BEAM-BRL BEAM-BRL	mercadobtc	C	0.009350BRL	2.75%	268,173.15BEAM	10	0.009100BRL	0.009350BRL
35	BEAM-BTC BEAMXBTC	coinex	C	0.0₇2260BTC	-0.31%	195,567.68BEAM	1,465	0.0₇2267BTC	0.0₇2389BTC
36	BEAM-USDT BEAMUSDT	btcturk	E	0.001820USDT	3.30%	96,547.00BEAM	5	0.001762USDT	0.001952USDT
37	BEAM-KRW BEAM_KRW	coinone	C	2.13KRW	0.00%	0BEAM	0	2.13KRW	2.13KRW
38	BEAM-USDT USDT-BEAM	upbit	B	0.004469USDT	182.31%	16,289.28BEAM	1	0.001583USDT	0.004469USDT
39	BEAM-USDT BEAMXUSDT	hitbtc	E	0.002000USDT	0.00%	0BEAM	0	0.002000USDT	0.002000USDT
40	BEAM-BTC BEAMXBTC	hitbtc	E	0.0₇1939BTC	0.00%	0BEAM	0	0.0₇1939BTC	0.0₇1939BTC